BRITAIN’S WAR DEBTS
STATEMENT BY MR SNOWDEN. (Rec. 5.5 p.m.) Rugby, December 3. Answering Parliamentary questions concerning when arrears of the £146,000,000 paid by Great Britain to the United States would be cleared off if all allied debts and reparations as arranged at The Hague Conference were paid on the due date, the Chancellor of the Exchequer, Mr Snowden, replied: “The Hague agreement gives us advantages worth approximately £22,000,000 a year for 37 years as a set-off against the accumulated deficit between our receipts and our debt payments in the past, but that deficit will at no time be fully covered and would not have been covered if the Dawes Plan had continued in operation.”
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Southland Times, Issue 20949, 5 December 1929, Page 5
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115BRITAIN’S WAR DEBTS Southland Times, Issue 20949, 5 December 1929, Page 5
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